Stifel Financial Corp Sells 13,123 Shares of Eagle Materials Inc. (NYSE:EXP)

Stifel Financial Corp lowered its position in Eagle Materials Inc. (NYSE:EXP) by 58.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,398 shares of the construction company’s stock after selling 13,123 shares during the period. Stifel Financial Corp’s holdings in Eagle Materials were worth $2,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXP. McClarren Financial Advisors Inc. boosted its stake in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after acquiring an additional 215 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Eagle Materials during the third quarter worth approximately $64,000. Quent Capital LLC grew its holdings in Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Eagle Materials by 29.7% in the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after purchasing an additional 140 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after buying an additional 120 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $257.10 on Thursday. The stock has a market cap of $8.62 billion, a PE ratio of 18.16 and a beta of 1.33. Eagle Materials Inc. has a 1 year low of $195.93 and a 1 year high of $321.93. The stock’s 50 day simple moving average is $295.70 and its 200-day simple moving average is $263.85. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same quarter in the prior year, the company posted $4.28 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXP shares. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Monday, November 25th. Finally, Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and reduced their price objective for the company from $330.00 to $310.00 in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.89.

Insider Activity at Eagle Materials

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock valued at $5,205,311 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.